Japanese Inflation Rates Fall In-Line with Expectations in December02/26/09 07:05 pm (EST)(CEP News) - As expected, falling fuel prices took their toll on price pressures in Japan, sending inflation rates lower in January.According to national statistics the annual inflation rate fell to 0.0% from +0.4% in January, in-line with expectations.
Meanwhile, CPI excluding fresh food fell from +0.2% to 0.0%, against expectations for a fall to -0.1%. CPI excluding fresh food and energy came in at -0.2%, in-line with expectations and against a flat reading in December.
The report had more timely information available for Tokyo. Headline inflation for February in Tokyo grew by 0.5% year-over-year, in-line with January's 0.5% gain and against expectations for a 0.3% increase.
CPI excluding fresh food was up 0.6%, against expectations for a 0.3% gain and below the previous month's 0.5% gain. Tokyo CPI excluding fresh foods and energy declined 0.1%, against expectations for a 0.3% drop and January's -0.3% figure.
Meanwhile, CPI excluding fresh food fell from +0.2% to 0.0%, against expectations for a fall to -0.1%. CPI excluding fresh food and energy came in at -0.2%, in-line with expectations and against a flat reading in December.
The report had more timely information available for Tokyo. Headline inflation for February in Tokyo grew by 0.5% year-over-year, in-line with January's 0.5% gain and against expectations for a 0.3% increase.
CPI excluding fresh food was up 0.6%, against expectations for a 0.3% gain and below the previous month's 0.5% gain. Tokyo CPI excluding fresh foods and energy declined 0.1%, against expectations for a 0.3% drop and January's -0.3% figure.
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